Nestle to destroy Rs.320 Crore Maggi products

After the Central Food Safety and Standards authority of India, has banned the sale of Maggi noodles in India, Nestle is now in the process of destroying the Maggi noodles. Maggi Noodles were banned in India by the FSSAI, due to the presence of more than permissible levels of Lead and Taste enhancer Mono Sodium Glutamate(MSG).

The Company would receive the batches of Maggi from various retail outlets, distributors and factories to destroy them. The Nestle India said, that the estimated loss due to the destruction of Maggi batches from the market, will account for Rs.210 crore. Nestle added, ” Maggi noodles batches and the related materials are also present in our factories, before the withdrawal was announced. This would cost an additional Rs.110 crore”, The Times of India reports.

However, Nestle India added, that it was impossible to calculate the losses before the destruction. ” It was only a estimate. We cannot calculate the final figure at this m0ment, unless the entire process is done. The process will impose additional costs such as the transportation and destruction costs”, the unfortunate company said.